Home Altcoins News Ripple (XRP) Granted Access to SEC Documents Will They Worry About Security Laws Anymore?

Ripple (XRP) Granted Access to SEC Documents Will They Worry About Security Laws Anymore?

Ripple XRP

Rosa “Rosie” Gumataotao Rios, 43rd Treasurer of the United States, joins the Ripple Board of Directors.  She pointed to Ripple as “one of the best examples of how to use cryptocurrency in a substantive and legitimate role to facilitate payments globally.”

Also, Ripple hired Kristina Campbell, previously an executive at fintech firms Green Dot and PayNearMe, as its chief financial officer.

Ripple has been granted access to SEC documents on Bitcoin and Ether when regulators decided they were not securities. The latest legal woes on how these documents will help are like:

The SEC Law Suit Judge has now granted Ripple with access to the SEC documents – how to determine whether or not Bitcoin and Ether are not securities.

Officially, SEC has not published a full long commission of statements stating these are definitely not securities, these are more of guidance and statements from various directors at different points. However, basically Ripple is hoping to find evidence that XRP can be traded similarly to Bitcoin and Ether by meaning it is not security.

And, the judge basically gave them ok go ahead and take a look see what you can find.

Obviously Ripple is going to be looking at what they said about XRP, but we are also going to see what they said about Bitcoin and Ether. So, will that in anyway shape how the public views regulatory actions in the future or in the near future. Is that really something that people are really looking out for or they are just kind of like we are kind of going to know what they are going to say about Bitcoin and Ether anyway?

Things are not still clear because Bitcoin and Ether have been treated as not security for quite a while, there are derivative products on both and if anything if the documents are made public what people might be able to glean in is they will be treated not as official guidance but informal guidance in future projects.

It will be more like Bitcoin did this, Ether did this.  If the project kind of echoes these steps may be sort of possibly it is going to be okay.  And, maybe they might not have to worry about securities laws.

The illegal securities offering suit should probably come to an end very soon.  The entire community is eyeing on what next. Big heads are in.  We need to see what next.

Read more about:
Share on

dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

Crypto newsletter

Get the latest Crypto & Blockchain News in your inbox.

By clicking Subscribe, you agree to our Privacy Policy.

Get the latest updates from our Telegram channel.

Telegram Icon Join Now ×